Cui Dongshu: The Yangtze River Delta’s automotive manufacturing advantage is becoming evident, with total vehicle production in the region recording positive growth of 4.99 million units from January to June.
Anhui has risen to become China's top province by automobile output, deeply integrated with Jiangsu, Zhejiang, and Shanghai, making the 'Yangtze River Delta' a core observational unit for analyzing shifts in domestic new energy vehicle production capacity and regional competitive dynamics.
BYD Launches Seal 05 DM-i Plug-in Hybrid Sedan in Mexico Under BYD King Name
GF Securities: Replacement demand could become a new driver for passenger vehicle volume growth; domestic passenger vehicle demand may have bottomed out by 2026.
From a medium- to long-term perspective, replacement demand can support a stable domestic passenger vehicle market centered around 21 million units, and domestic passenger vehicle demand may have already bottomed out by 2026.
China's Car Market Heads for Worst Year Since 2021 as Sales Plunge 20%
China has more than 400 full-body humanoid robot models, accounting for over half of the global total.
The Ministry of Industry and Information Technology announced today (the 20th) that data released shows a number of Chinese industries with international competitive advantages have accelerated their growth in the first half of the year. In the field of intelligent robotics, China-developed quadrupedal robots account for nearly 70% of global sales, and over 400 models of humanoid robots—more than half of the global total—are now available. Additionally, a cohort of globally recognized unicorn enterprises has emerged in sectors including artificial intelligence, semiconductors, new energy, and biopharmaceuticals, actively contributing Chinese solutions to international standard-setting and industrial governance.
CMBI: Horizon Robotics (09660.HK) HSD solution sales growth expected to accelerate
CMB International published a research report expecting Horizon Robotics (09660.HK) to report first-half 2026 revenue of RMB 2.259 billion, an annual increase of 44.2%, with a gross margin of 60.4%. Driven by fair value gains on convertible bonds, the company is expected to record a net profit for the period, while its adjusted net loss is forecast to narrow year-over-year by approximately RMB 2 billion to RMB 11 billion. The firm maintains its full-year 2024 revenue forecast for Horizon Robotics at RMB 6 billion, anticipating improved first-half sales due to a better product mix and accelerated growth in HSD solution sales starting in the second half, primarily driven by BYD (01211.HK).